Euronext Expands Support for Defence Industry as Fjord Defence Group Lists on Main Market with NOK 525 Million Valuation

Caption: Jon Asbjørn Bø, CEO of Fjord Defence Group ASA, rang the bell this morning to celebrate the uplisting to Euronext Oslo Børs. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB).

(IN BRIEF) Euronext has congratulated Fjord Defence Group ASA on its successful move from Euronext Expand to Euronext Oslo Børs, marking the company’s progression to the main market and the 58th listing on Euronext markets in 2025. With a market capitalisation of NOK 525.29 million and a share price of NOK 13.00 at market opening, Fjord Defence Group aims to strengthen its position as a key consolidator in the defence and security sectors. CEO Jon Asbjørn Bø emphasized that the uplisting aligns with the company’s long-term strategy to attract new investors and accelerate growth. The move also reflects Euronext’s commitment to advancing financing solutions and visibility for European aerospace and defence companies through specialized initiatives that enhance competitiveness and support strategic autonomy across Europe.

(PRESS RELEASE) OSLO, 17-Oct-2025 — /EuropaWire/ — Euronext has announced the successful transfer of Fjord Defence Group ASA (ticker: DFENS) from Euronext Expand to Euronext Oslo Børs, marking the 58th listing on Euronext markets in 2025 and the 15th on Oslo Børs this year. The Norwegian defence investment firm, originally listed in 2017 under the name Aquila Holdings, now enters a new phase of growth as it strengthens its market presence and expands its investor base.

At the market opening on 16 October 2025, Fjord Defence Group’s shares began trading at NOK 13.00, reflecting a market capitalisation of NOK 525.29 million based on the previous day’s closing price. The uplisting represents a strategic milestone for the company as it continues its mission to build a diversified portfolio of high-performing enterprises in the defence, security, and related industries. Each of Fjord Defence Group’s portfolio companies operates independently, benefitting from access to growth capital, strategic oversight, and enhanced visibility in the public market.

Jon Asbjørn Bø, CEO of Fjord Defence Group, commented on the occasion: “The uplisting to the main market on Euronext Oslo Børs is part of our systematic efforts to build a compounder within the defence industry. It will strengthen our position, attract a wider group of investors and support our long-term growth strategy in a sector with significant potential.”

Euronext’s continued efforts to support European aerospace and defence companies are central to this achievement. Through dedicated programmes such as the A&D Funding Days, the European Defence Bond Label, the IPOready Defence programme, and the European A&D Growth Hub powered by ELITE, Euronext provides tailored financial frameworks to enhance access to capital and investor visibility. As Europe’s leading capital markets infrastructure, Euronext plays a critical role in connecting the financial needs of strategic sectors with growing investor interest, supporting Europe’s broader objectives of industrial competitiveness and strategic autonomy.

About Fjord Defence Group ASA

Fjord Defence Group ASA, “DFENS” is a Norwegian “compounder” listed on Euronext Oslo Børs seeking to acquire and develop fast-growing, profitable, and well-run companies in the defence industry. The company has a buy & build strategy, with focus on acquiring established, profitable businesses within the defence, security and related segments. More information on www.fjorddefencegroup.com.

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SOURCE: Euronext N.V.